One of the six largest banks in Australia, Adelaide Bank was established in 1994. Originating from Australia’s largest building society, the Co-operative Building Society of South Australia, Adelaide Bank’s legacy goes back more than 100 years.
Adelaide Bank is among Australia’s leading lenders and manages assets of over $17 billion from its headquarters in South Australia. Adelaide Bank customers have access to over 2000 ATMs across Australia.
Adelaide Bank is well known for its user-friendly products and offers a wide range including insurances, bank accounts, credit cards and home loans. It’s believed to generate more than three per cent of Australian mortgage loan approvals annually.
Since a merger with Bendigo Bank in 2007, Adelaide Bank has operated as a dedicated lending business specialising in providing mortgage and loan services to everyday banking customers.
Adelaide Bank Home Loan Calculator
- 100 per cent offset is available on most home loans (not including the SmartSaver loan).
- All loans offer a choice between principal and interest or interest only repayments.
- Can accommodate people with smaller deposits.
- Extra repayments are allowed on all home loans, with some capping additional repayments at $20,000.
- Ongoing monthly fees apply to most home loans (not including the SmartSaver loan).
- Not all accounts offer equity release.
- No package deals are offered.
Adelaide Bank home loan customers can get in touch with their mortgage provider in a variety of different ways. Depending on the needs of the customer it’s possible to speak to the bank directly either face-to-face in branch or by calling the customer service centre. Customers with access to the internet can obtain a full overview of their Adelaide Bank accounts online or via their mobile app. It’s also possible to get in touch via email. If a home loan customer’s personal circumstances change and they need to seek assistance restructuring their repayments, Adelaide Bank offers a financial hardship hotline.
- Customer service centre (phone)
- Mobile app
- Online banking
Adelaide Bank Home Loan Calculator
Cash Out Amount
Remaining loan term:
26 years and 8 months
Savings over 10 years
Savings Over Years
Estimated upfront fees
Go To Site
Savings Over Years$24.2kSavings over 10 years
Savings Over Years$23kSavings over 10 years
Advertised rate4.17%Fixed - 1 year
Savings Over Years$21.1kSavings over 10 years
Advertised rate4.35%Fixed - 2 years
Savings Over Years$16.7kSavings over 10 years
Savings Over Years$15.6kSavings over 10 years
Advertised rate4.48%Fixed - 3 years
Savings Over Years$13.4kSavings over 10 years
Adelaide Bank Home Loans
Adelaide Bank SmartSaver Loan InvestorVariableRefinancer
The Adelaide Bank SmartSaver Loan for new customers is a variable rate home loan with no ongoing fees. It’s available for both investors and owner-occupier borrowers.
Adelaide Bank SmartFix Loan InvestorFixedRefinancer
The SmartFix Loan offered by Adelaide Bank boasts attractive fixed interest rates and offers a 100 per cent offset account, as well as a redraw facility. If you’re looking for a fixed loan with useful features not often offered by other lenders, then this is one to consider.
Adelaide Bank SmartFit Loan Variable
The Adelaide Bank SmartFit Loan is a fully featured variable home loan that comes with a 100 per cent offset account to maximise the benefits of any savings you have which can reduce the interest charged on your home loan.
How to Apply
To begin the process of arranging a home loan, borrowers will need to apply online or in branch to arrange a face-to-face interview with a mortgage broker. Adelaide Bank has a network of over 5000 approved mortgage brokers across Australia who will facilitate the entire process for customers. Before meeting a broker it’s recommended that those seeking a mortgage look at the range of home loans available and consider how much they can afford to borrow, and over what time period. Even when applying for the paperwork-light SmartDoc and SmartDoc Plus loans it’s likely that some documents will be required upon application. These may include:
- Personal identification.
- Details of current assets, including estimated values.
- Details of current debts, including credit limits.
- Gross income.
- Estimated value of any property offered as security.
- Details of deposit and equity.
- Previous mortgage statements (for refinancers).